Oil to Peak in Late Aug. / Early Sept '22, Make a New Low in May '23 then Rip Higher for years to follow.
2 and 4 overlapped. Had to modify count.
multi-year resistance.
SPX Is it possible that this relationship might signal what's to come?
bar pattern since Sept 8th (for the last month on the 2 Day) has been following the course from late Jan.-Feb to Crash low. If there is a crash, the bar pattern shows it starting the week of Oct. 12 with some slow ascending till then.
Looking for follow-through and resistance to hold
(Scroll Down for Better Picture of Wave Count) SPX and 3x leveraged bear crude DRIP. Does this pattern show smart money exits in Jan '20 and June '20? When the relationship decreases, lean CAUTIOUSLY on equities and crude. Precipitous fall means lay on the Shorts. Despite Markets going higher in February, the relationship still decreased as crude continued to...
Updated & More Accurate- Interesting alignment between my selection of EMAs, SMAs, and Fib MAs. 2 HR chart. Market could keep going higher as long as this curve upwardly steepens. Resolution --> 3 weeks in during September of 2018, and three weeks in during Feb 2020 are the last two times this distinct sequence occurred. Still getting used to TV; not sure if...
The 2hr chart shows the Hull above BOTH the EMA 21 and the SMA 50. When this happens (rarely), downward pressure on price occurs rather soon. Correction or Crash? Seeing how this plays out, especially with the Fed meeting, Congress' Tech Hearing, AMZN/AAPL earnings, GDP, all before end of week= Fireworks.
"Golden Cross" of SMA 100 intersecting the SMA 111 acts contrarily to standard Golden Cross implications and could signal a correction as seen in January. As the relationship decreases in price, Crude down, DRIP up. Looks like it might break down vs SMA 350 (gold colored line) as well. An answer should be given within the next week given prior timelines.
I know it's kind of a stretch to make about the candlestick but trying to cover some more (bearish) angles and indicators before finally throwing in the towel. Also depends on the close. Might as well see it through to the end of the channel. Since my last chart, price has remained within the wedge as it has tightened.
Rising wedge in similar fashion to Fall '19 through Feb '20? Will price action continue within the wedge until the funnel narrows to a point, or will this be the last week in it given the coinciding trend lines from top in February and bottom in March (indicated by black arrow). If price continues in wedge , it's possible this upward action could last another...
Rising wedge in similar fashion to Fall '19 through Feb '20? Will price action continue within the wedge until the funnel narrows to a point, or will this be the last week in it given the coinciding trend lines from top in February and bottom in March (indicated by black arrow). If price continues in wedge, it's possible this upward action could last another...
Playing around with ideas... Possible ABC correction with C wave about to begin. If this doesn't occur by end of this quarter, it could be pushed out to Q4. First fib target at -0.114 and intersection of darker blue line of pitchfork (approx. 2052). Lower targets could be met if path ends up being expanded flat (anywhere from 1906-1730) Stops = dotted lines
May retrace to Mid-High $5's. Possible end to 4th Wave in Corrective Structure of B Wave of A-B-C Pattern starting from Dec. 2015 Low. The move down to the $5's would complete the 5th Wave of the B Pattern, setting up a massive rebound C wave.